November 7, 2016 / 11:07 PM / 9 months ago

BRIEF-Swift Networks to acquire Web2tv and Living Networks, raises $2mln

Nov 8 (Reuters) - Swift Networks Group Ltd

* Swift's footprint to increase to approximately 40,000 room subscriptions

* Net proceeds of capital raising will fund acquisitions of web2tv and living networks

* Swift networks - two deals are an accretive transaction with low cost to acquire

* Has received binding commitments to raise $2.0 million in a placement up to 8.7 million shares to investors at $0.23 per share

* Swift networks group ltd - swift to acquire web2tv and living networks, raises $2m-sw1.ax Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below